Needham & Company LLC Boosts CVS Health (CVS) Price Target to $85.00

Elias Hubbard
December 7, 2017

The 12Th Street Asset Management Company Llc holds 145,740 shares with $16.23M value, down from 155,800 last quarter.

CVS Health (NYSE:CVS) had its target price lifted by Needham & Company LLC from $79.00 to $85.00 in a research note released on Monday, Marketbeat Ratings reports. Jackson Grant Investment Advisers Inc. now owns 2,881 shares of the pharmacy operator's stock worth $232,000 after purchasing an additional 18 shares in the last quarter. The shares were sold at an average price of $83.07, for a total value of $20,032,330.50.

VANGUARD GROUP INC raised its stake in CVS Health Corporation (NYSE:CVS) by 1.27% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 41.10% the S&P500. Cardinal Cap Mngmt Inc owns 1.25% invested in CVS Health Corporation (NYSE:CVS) for 153,400 shares. 12Th Street Asset Management Company Llc sold 10,060 shares as Packaging Corp Amer (PKG)'s stock rose 4.29%. At&T Inc now has $221.68B valuation. The stock decreased 0.45% or $0.32 during the last trading session, reaching $70.69. About 2.85 million shares traded. LendingTree, Inc. (TREE) has risen 126.83% since December 6, 2016 and is uptrending. The figure tells us what earnings were generated from invested capital of CVS Health Corporation. The pharmacy operator reported $1.50 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.49 by $0.01. CVS's profit will be $1.92B for 9.30 P/E if the $1.90 EPS becomes a reality. After $1.50 actual EPS reported by CVS Health Corporation for the previous quarter, Wall Street now forecasts 26.67 % EPS growth. Therefore 68% are positive. Argus Research maintained the stock with "Buy" rating in Monday, August 10 report. Adell Harriman Carpenter Incorporated holds 0% in CVS Health Corporation (NYSE:CVS) or 3,265 shares. The rating was maintained by Leerink Swann with "Buy" on Tuesday, November 21. The firm has "Overweight" rating given on Thursday, March 10 by Barclays Capital. Deutsche Bank has "Hold" rating and $117 target.

CVS Health (NYSE:CVS) last released its quarterly earnings results on Monday, November 6th. As per Wednesday, April 12, the company rating was maintained by Wells Fargo. Jefferies maintained CVS Health Corporation (NYSE:CVS) rating on Wednesday, October 18. As per Monday, November 13, the company rating was maintained by Citigroup.

Since June 12, 2017, it had 0 buys, and 1 insider sale for $18.44 million activity. Also, CFO David M. Denton sold 237,078 shares of CVS Health stock in a transaction that occurred on Monday, September 11th. The investor is now holding 64,566,034 shares thanks to an increase of 2,964,930 new shares in their portfolio. It also upped Northrop Grumman Corp (NYSE:NOC) stake by 1,280 shares and now owns 7,945 shares. Newfield Exploration Co (NYSE:NFX) was raised too. Its down 0.17, from 1.09 in 2017Q1. CVS Health has a fifty-two week low of $66.45 and a fifty-two week high of $84.72. Several hedge funds have recently made changes to their positions in CVS. Advsrs Asset Inc reported 17,880 shares or 0.04% of all its holdings. Royal Bank Of Canada started coverage on shares of CVS Health in a research report on Tuesday, September 19th. New Hampshire-based Charter Tru has invested 0.21% in CVS Health Corporation (NYSE:CVS). Goldman Sachs downgraded the stock to "Neutral" rating in Thursday, December 17 report. Louisiana State Employees Retirement Systems reported 63,200 shares stake. The shares were sold at an average price of $81.17, for a total transaction of $1,667,799.99. The New Jersey-based Private Advisor Gp Limited Liability Com has invested 0.08% in CVS Health Corporation (NYSE:CVS). Wealthcare Advisory Partners LLC grew its position in shares of CVS Health by 330.3% during the third quarter. Td Mngmt Limited Liability Company holds 0.03% or 1,284 shares. MPS Loria Financial Planners LLC bought a new stake in CVS Health during the second quarter valued at $119,000. Putnam Invests Ltd Liability Corporation accumulated 0.03% or 121,801 shares. The insider, MORIARTY THOMAS M, now holds 22,631 shares of CVS. Warren Averett Asset Mgmt Limited reported 0.34% stake. The shares were sold at an average price of $80.68, for a total transaction of $7,714,460.24. They issued a "buy" rating and a $90.00 price objective on the stock. Therefore 40% are positive. AT&T Inc. had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, May 12 by Jefferies. RBC Capital Markets maintained LendingTree, Inc. Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. They set an "outperform" rating and a $95.00 price target for the company. The Massachusetts-based Granahan Investment Management Inc Ma has invested 2.11% in the stock. The firm has "Buy" rating by UBS given on Thursday, October 6. BMO Capital Markets maintained the stock with "Buy" rating in Friday, June 2 report. The rating was maintained by Morgan Stanley with "Overweight" on Friday, August 28.

Wright Investors Service Inc increased Citigroup Inc (NYSE:C) stake by 4,935 shares to 36,146 valued at $2.42M in 2017Q2.

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